SUPPLEMENTAL INFORMATION MEMORANDUM XENON ...

RISK FACTORS
The purchase of the Securities may involve substantial risks and is suitable only for
sophisticated purchasers who have the knowledge and experience in financial and business
matters necessary to enable them to evaluate the risks and the merits of an investment in the
Securities. The Securities are not principal protected and purchasers of the Securities are
exposed to full loss of principal. The Issuer believes that the following factors may affect
either its ability to fulfil its obligations under the Securities or the performance of the
Securities. Some of these factors are contingencies which `may or may not occur and the
Issuer is not in a position to express a view on the likelihood of any such contingency
occurring. The Issuer believes that the factors described below represent the principal risks
inherent in investing in the Securities, but the inability of the Issuer to pay interest, principal
or other amounts on or in connection with the Securities may occur for other reasons and the
Issuer does not represent that the statements below regarding the risks of holding any
Securities are exhaustive.
Prospective purchasers should also read the detailed information set out elsewhere in this
Supplemental Information Memorandum and in the Information Memorandum and, in the
light of their own financial circumstances and investment objectives, reach their own views
prior to making any investment decision.
Purchaser Suitability
Prospective purchasers who consider purchasing the Securities should reach an investment
decision only after carefully considering the suitability of the Securities in light of their
particular circumstances. Investment in the Securities may only be suitable for purchasers who:
(i)
(ii)
(iii)
(iv)
have substantial knowledge and experience in financial, business matters and expertise in
assessing credit risk which enable them to evaluate the merits and risks of an investment
in the Securities and the rights attaching to the Securities;
are capable of bearing the economic risk of an investment in the Securities for an
indefinite period of time;
are acquiring the Securities for their own account (as principal and not as agent) for
investment, and not with a view to resale, distribution or other disposition of the
Securities (subject to any applicable law requiring that the disposition of the purchaser's
property be within its control); and
recognise that it may not be possible to make any transfer of the Securities for a
substantial period of time, if at all.
Independent review and advice
Each prospective purchaser of the Securities must make its own independent review (including
as to the financial condition and affairs and its own appraisal of the creditworthiness) of the
Issuer, the Counterparty, the Swap Guarantor, each of the Reference Entities and Reference
Obligations and the issuer in respect of the Charged Assets (each an "Obligor") and obtain such
professional advice (including, without limitation, tax, accounting, credit, legal and regulatory
advice) as it deems appropriate under the circumstances, to assess the economic, social and
political condition of the jurisdiction in which each such Obligor is located and to determine
whether an investment in the Securities is appropriate in its particular circumstances.
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